PARIS (Reuters) -French telecoms group Iliad said it made an offer to Vodafone to buy 100% of Vodafone Italia, an Iliad spokesperson said on Tuesday. Reuters reported last month that Iliad, led by billionaire founder Xavier Niel, and Vodafone were in talks to combine their respective businesses in Italy in an attempt to end cut-throat …
LONDON (Reuters) -The pound gained versus the euro for a second consecutive day, pulling back from a 1-1/2 month low hit on Monday as investors judged that any monetary tightening by the European Central Bank will significantly lag its British counterpart in the near term. Versus the euro, the pound edged 0.3% higher at 84.56 …
Pound extends gains vs euro for 2nd day, struggles vs $ Read More »
LONDON (Reuters) – Britain has noted Softbank Group Corp’s decision to list Britain’s Arm Ltd in New York, a spokesman for Prime Minister Boris Johnson said on Tuesday, adding that London remained a “great place” for tech companies. “Last year we saw record IPOs in London, record private investment, and we are working hard to …
UK notes Softbank move with Arm, says London ‘great place’ for tech Read More »
MILAN (Reuters) – Italy’s Leonardo and UK-based Vertical Aerospace will work together to develop the fuselage for Vertical’s VX4 electric aircraft, they said on Tuesday. The two groups will design, test and manufacture a carbon composite fuselage for at least six certification aircraft, with the possibility to extend to production of 2,000 jets a year …
Leonardo and Vertical Aerospace team up on electric aircraft fuselage Read More »
BRUSSELS (Reuters) – EU antitrust regulators will decide by March 15 whether to clear Amazon’s proposed acquisition of U.S. movie studio MGM, a European Commission filing showed on Tuesday. The deal would help the world’s largest online retailer to compete better with Netflix and Disney+, bolstering the video streaming service it uses to attract people …
EU sets March 15 deadline for decision on Amazon’s MGM takeover Read More »
By Inti Landauro MADRID (Reuters) – Iberdrola said on Tuesday it had sued El Confidencial over its coverage of an investigation into alleged corporate spying involving the Spanish power company, a move the independent news website said was an attack on press freedom. Iberdrola said in a statement it was suing El Confidencial for 17.6 …
Iberdrola sues Spanish news website for $20 million over spying case coverage Read More »
By David Milliken LONDON (Reuters) – Britain’s government should consider postponing a payroll tax increase in due in April which combined with higher inflation could drive a 30% rise in destitution, the National Institute of Economic and Social Research (NIESR) said on Tuesday. The academic think tank also said finance minister Rishi Sunak should increase …
Postpone tax hike or risk more poverty, UK’s NIESR warns Sunak Read More »
By Ron Bousso LONDON (Reuters) – BP’s profits hit their highest in eight years in 2021, lifted by soaring gas and oil prices, as the company boosted share repurchases and accelerated plans to cut emissions with increased spending on low carbon energy. BP’s rebound to an annual profit of $12.85 billion after a large loss …
By Anne Kauranen HELSINKI (Reuters) -Finnish stainless steel maker Outokumpu will step up efforts to reduce its carbon footprint despite energy price pressures and tough competition from less regulated Asian rivals, the company said on Tuesday. Outokumpu said it would link its management bonus plans with climate targets that aim to cut emissions throughout its …
Stainless steel maker Outokumpu steps up efforts to go greener Read More »
ACCRA (Reuters) -The Spanish company in charge of a truck that exploded and killed 13 people last month en route to an internationally-run gold mine in Ghana violated storage and transport laws and has been fined $6 million, the lands ministry said on Tuesday. The truck was transporting explosives owned by Madrid-based Maxam Corp to …
Spanish firm fined $6 million for Ghana truck blast that killed 13 Read More »
